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Old 05-19-2017, 10:21 AM   #21
Recycles dryer sheets
 
Join Date: Mar 2017
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Quote:
Originally Posted by aksteelhead View Post
We can easily live on the pension.
To me, an annuity could make sense, along with SS, to provide a base level of income that I need to survive on. Then anything above that is luxury expenditure like travel etc. Sounds like you already have that base level of income covered by your pension, your other investments are just for icing on the cake right? I guess it depends what you mean by 'easily', is that also 'comfortably'?

Quote:
Originally Posted by aksteelhead View Post
If the market tanks for a few years our travel plans get derailed. I was thinking the annuity could protect us.
If the market tanks on you right after retiring, then it would probably make sense to take a pause or reduction in travel and other luxury expenses anyway as a response to the downturn in the market. Seems to me like your pension is already doing the same job an annuity would.
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